Description |
1 online resource (55 pages) |
Series |
IMF Staff Country Reports, 2227-8907 ; Country Report No. 07/297 |
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IMF Staff Country Reports ; Country Report no. 07/297
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Contents |
Cover; Contents; Executive Summary; I. The Country Context; II. Economic Developments and Outlook; A. Recent Developments; B. Medium-Term Outlook and Risks; III. Policy Discussions; A. Fiscal and Debt Policy; B. Monetary, Financial and Exchange Rate Policies; C. Structural Reforms and Other Issues; IV. Staff Appraisal; Boxes; 1. The Civil Service Wage Settlement; 2. Remittances in Tonga; 3. Comprehensive Tax Reform; Figures; 1. Regional Comparators (Averages, 2001-06); 2. Regional Fiscal Comparisons; 3. Real, Fiscal, and Monetary Sector Developments, 1999/2000-2006/07; Tables |
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1. Selected Economic Indicators, 2002/03-2007/082. Summary of Government Operation, 2002/03-2007/08; 3. Banking Survey, 2002/03-2006/07; 4. Balance of Payments Summary, 2002/03-2007/08; 5. Medium-Term Scenario, 2004/05-2011/12; 6. Banking Sector Indicators, 2001-06; 7. Progress on Millennium Development Goals; Contents; I. Fund Relations; II. Relations with the Pacific Financial Technical Assistance Centre; III. Relations with the World Bank Group; IV. Relations with the Asian Development Bank; V. Statistical Issues |
Summary |
This 2007 Article IV Consultation highlights that Tonga's real GDP growth is estimated to turn negative in FY06/07, declining by 3½ percent. The economy will continue to be subject to uncertainty and shocks. While economic growth should return to positive, albeit low, levels in the medium term, there are lingering risks on the policy front that could derail efforts to restore stability, in particular those that might arise from pressures to increase public sector hiring. A further drop in remittances and terms of trade shocks could present significant pressures on official reserves |
Notes |
Available in PDF, ePUB, and Mobi formats on the Internet |
Subject |
Fiscal policy -- Tonga
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Debts, Public -- Tonga
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Monetary policy -- Tonga
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Monetary policy
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Fiscal policy
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Economic policy
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Economic history
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Debts, Public
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SUBJECT |
Tonga. http://id.loc.gov/authorities/names/n80106710
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Tonga -- Economic conditions
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Tonga -- Economic policy
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Subject |
Tonga
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Form |
Electronic book
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Author |
International Monetary Fund.
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ISBN |
1452761841 |
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9781452761848 |
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